Insider Selling: Riskified (NYSE:RSKD) Director Sells $650,388.42 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 132,462 shares of Riskified stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $4.91, for a total transaction of $650,388.42. Following the transaction, the director directly owned 4,387,273 shares in the company, valued at $21,541,510.43. This represents a 2.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Erez Shachar also recently made the following trade(s):

• On Thursday, June 11th, Erez Shachar sold 81,762 shares of Riskified stock. The stock was sold at an average price of $4.87, for a total transaction of $398,180.94.
• On Wednesday, June 10th, Erez Shachar sold 109,462 shares of Riskified stock. The stock was sold at an average price of $4.93, for a total transaction of $539,647.66.
• On Monday, June 8th, Erez Shachar sold 108,150 shares of Riskified stock. The stock was sold at an average price of $4.87, for a total transaction of $526,690.50.
• On Thursday, June 4th, Erez Shachar sold 44,083 shares of Riskified stock. The stock was sold at an average price of $4.90, for a total transaction of $216,006.70.
• On Wednesday, June 3rd, Erez Shachar sold 2,562 shares of Riskified stock. The stock was sold at an average price of $4.90, for a total transaction of $12,553.80.
• On Wednesday, May 27th, Erez Shachar sold 400 shares of Riskified stock. The stock was sold at an average price of $4.80, for a total transaction of $1,920.00.
• On Tuesday, May 26th, Erez Shachar sold 65,169 shares of Riskified stock. The stock was sold at an average price of $4.80, for a total transaction of $312,811.20.
• On Friday, May 22nd, Erez Shachar sold 60,797 shares of Riskified stock. The stock was sold at an average price of $4.81, for a total transaction of $292,433.57.
• On Thursday, May 21st, Erez Shachar sold 44,677 shares of Riskified stock. The stock was sold at an average price of $4.81, for a total transaction of $214,896.37.

Riskified Stock Performance

RSKD stock opened at $4.94 on Friday. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.68. The company’s fifty day moving average price is $4.60 and its 200-day moving average price is $4.59. The company has a market capitalization of $731.12 million, a PE ratio of -44.86 and a beta of 1.40.

Riskified (NYSE:RSKD) last released its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The firm had revenue of $88.27 million for the quarter, compared to the consensus estimate of $87.72 million. On average, research analysts predict that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RSKD shares. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Truist Financial cut their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Riskified currently has a consensus rating of “Hold” and an average target price of $5.96.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after acquiring an additional 22,100 shares during the last quarter. Modern Wealth Management LLC bought a new position in Riskified during the first quarter valued at $56,000. Sei Investments Co. increased its position in Riskified by 87.4% during the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after acquiring an additional 166,099 shares during the last quarter. State of Wyoming grew its holdings in shares of Riskified by 16.4% in the first quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after purchasing an additional 15,195 shares during the last quarter. Finally, R Squared Ltd grew its holdings in shares of Riskified by 57.8% in the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after purchasing an additional 7,257 shares during the last quarter. Institutional investors own 58.98% of the company’s stock.

About Riskified

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.